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auctions / 2Y / 1999-08-26

Official Result (MOF)

Auction Date1999-08-26
Issue Date1999-09-20
IssueJGB (2-Year) No. 164(new)
Coupon (%)0.4%
Maturity2001-09-20
Methodprice conventional
Offering¥600B
Competitive Bids¥2.3T
Accepted Amount¥588.7B
Lowest Accepted Price99.95(0.425%)
Weighted Avg Price99.97(0.415%)
Allotment Ratio
Non-competitive I
Non-competitive II

Source: https://www.mof.go.jp/jgbs/reference/appendix/jgb_historical_data.xls

Derived Metrics calc auction-v1 / auction-v2

ThisPrevavg (12)minmaxz
Bid/Cover3.833.323.691.955.49+0.14
Tail (sen)21318-0.57
Non-competitive take-up0.0%0.0%
GradeB (score +0.36)(z(B/C) − z(tail))/2 bucketed A(≥1)/B(≥0.3)/C/D(≤−0.3)/E(≤−1), vs last 12 same-tenor
Yield tail (bp)1.00.5

Same-tenor Auction History

2.004.001998-081998-121999-041999-08
Auction DateIssueBid/CoverTail (sen)Avg Yield (%)
1999-08-26JGB (2-Year) No. 1643.8320.415
1999-07-27JGB (2-Year) No. 1633.3210.379
1999-06-24JGB (2-Year) No. 1622.9730.415
1999-05-27JGB (2-Year) No. 1614.5120.110
1999-04-27JGB (2-Year) No. 1605.0720.204
1999-03-30JGB (2-Year) No. 1594.3110.369
1999-02-25JGB (2-Year) No. 1585.4940.450
1999-01-28JGB (2-Year) No. 1573.2320.625
1998-12-22JGB (2-Year) No. 1561.9580.655
1998-11-27JGB (2-Year) No. 1553.7620.400
1998-10-23JGB (2-Year) No. 1544.2430.384
1998-10-01JGB (2-Year) No. 1532.7640.380
1998-08-27JGB (2-Year) No. 1522.6350.545